Form 4: Atlassian Director Scott Farquhar Executes Stock Sales Under 10b5-1 Trading Plan

Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock on April 9, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 9, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple trades at varying prices throughout the day.
• A total of 8,048 shares were sold at prices ranging from $179.73 to $212.69.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 317,920 shares of Class A Common Stock through the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading. The sales themselves may or may not reflect the insider's view of the company's prospects.

Comparison to Industry Standards

• It's common for directors of publicly traded companies, such as Atlassian, Microsoft, and Alphabet, to utilize 10b5-1 trading plans for stock sales.
• The volume of shares sold is relatively small compared to the total outstanding shares of Atlassian.
• The weighted average prices are within the typical daily trading range for Atlassian's stock.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the pre-planned nature of the transactions.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Class A Common Stock, Rule 10b5-1 trading plan, Director, 10% Owner, Skip Enterprises Pty Limited, Farquhar Family Trust, Insider Trading